Investors take note: Gold is on the rise! (How much are gram, quarter, and Republic gold?)

Yesterday, the price of gram gold, which lost value in parallel with the decline in the ounce price of gold, completed the day with a 0.3 percent decrease at 2,395 lira.

As of 10:30 AM, the price of gram gold is at the 2,400 lira level after starting the day with a 0.3 percent increase. At the same time, quarter gold is being sold for 4,000 lira, and Republic gold for 15,930 lira.

The ounce price of gold is currently trading at 2,314 dollars with a 0.2 percent premium.

While the macroeconomic data calendar in the US remained quiet yesterday, causing investors to continue their "wait-and-see" approach, US Federal Reserve (Fed) officials continue to remain cautious in their verbal guidance.

Boston Fed President Susan Collins signaled in her statement yesterday that interest rates may need to remain at high levels for longer than expected.

Pointing out that no progress has been made in disinflation this year, Collins stated that recent upside surprises in inflation indicate that it is likely to keep the policy rate at its current level until more confidence is gained that inflation is sustainably moving toward 2 percent.

Analysts noted that pricing in money markets suggests a 90 percent probability that the Fed will cut interest rates this year, with September emerging as the likely time for the first rate cut.

Emphasizing that the macroeconomic data released in the US this year signals that inflation is resilient, analysts reported that investors have been cautious since the beginning of the week, despite data in last week's employment report indicating that labor markets are cooling.

News Source: AA